Area data
Frankfort, IL — ZIP 60423
Population: 32,836 (Census ACS)
The median home value in ZIP 60423 (Frankfort, IL) is $503,127 — up 3.5% over the past year. Homes sell for a median $265,000 after a median 87.5 days on market. Typical rent runs $2,340/month. 11 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with coldwave, tornado, inlandflooding the top-rated hazards. Cost of living is 2.7% below the US average (BEA, metro/state-level).
$503,127
Median home value
+3.5%
1-year change
87.5
Median days on market
Relatively High
Hazard risk (county)
Home values & appreciation
- Median home value
- $503,127
- 1-year appreciation
- +3.5%
- 3-year appreciation
- +10.5%
- 5-year appreciation
- +32.2%
- 10-year appreciation
- +60.6%
- All-time peak (2026-07)
- $503,127
- House Price Index (state)
- 325.3 (+6.1% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $265,000
- Median list price
- $279,900
- Median price per sqft
- $195
- 1-year sale-price change
- +10.0%
- Median days on market
- 87.5 days
- Homes sold (recent period)
- 4
- For-sale inventory
- 99
- Sale-to-list ratio
- 97.6%
- Active listings
- 7
- 1-year forecast
- +2.0%
- Days to pending
- 23 days
- New listings (monthly)
- 44
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $2,340/mo
- Studio fair-market rent
- $1,530/mo
- 1BR fair-market rent
- $1,630/mo
- 2BR fair-market rent
- $1,840/mo
- 3BR fair-market rent
- $2,370/mo
- 4BR fair-market rent
- $2,740/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Average)
- 97.3 (100 = US avg)
- Electricity rate (state-level)
- 17.7¢/kWh
- Natural gas rate (state-level)
- $11.30/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 11
- Elementary schools
- 7
- Middle schools
- 2
- High schools
- 1
- School districts serving the area
- Lincoln-Way Area Spec Ed JA Dist, Frankfort CCSD 157C, Lincoln Way CHSD 210
- Schools include
- Pioneer Grove Educational Center, LWASE-Self-K-8, Grand Prairie Elementary School, Chelsea Elem School, Hickory Creek Middle School
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively High
- Top hazards (county)
- coldWave, tornado, inlandFlooding, lightning, winterWeather
- Notable hazard ratings (county)
- coldWave: Very High · drought: Relatively Low · earthquake: Relatively Moderate · hail: Relatively Low · heatWave: Relatively Moderate · iceStorm: Relatively Moderate
- FEMA flood zone
- A
- Flood risk level
- High
- Wildfire risk to homes (county)
- Higher than 21% of US counties
- Buildings in wildfire direct-exposure zone
- 11.0%
- Radon potential (county)
- Moderate radon potential — EPA Zone 2 of 3
- EPA Superfund (NPL) sites within 5 mi
- None
- Nearest Superfund site
- Joliet Army Ammunition Plant (Load-Assembly-Packing Area) (14.8 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 53.0°F
- Average high
- 61.0°F
- Average low
- 44.0°F
- Annual precipitation
- 45.1 in
- Annual snowfall
- 18.6 in
- USDA plant hardiness zone
- 6a (extreme annual low -10 to -5°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Moderate
- Median AQI (annual)
- 53
- Days with Good air quality
- 155
- Days with Moderate air quality
- 191
- Days with Unhealthy air quality
- 3
- Highest AQI recorded (year)
- 246
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 9.3 / 20
- Transit service frequency
- -99,999
- Jobs reachable by car (30 min)
- 99,692
- Jobs reachable by transit (45 min)
- 103,402
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- National parks within ~60 mi
- 2
- Nearest national park
- Pullman National Historical Park (19 mi)
- National parks include
- Pullman National Historical Park, Indiana Dunes National Park
- Airports within 30 mi
- 37
- Nearest airport
- Meadow Creek Airport (4 mi)
- Nearest major airport
- Chicago Midway International Airport (MDW) (22 mi)
- Hospitals nearby (~15 mi)
- 9
- Hospitals include
- SAINT JOSEPH MEDICAL CENTER, PALOS COMMUNITY HOSPITAL, ROSELAND COMMUNITY HOSPITAL
- Avg hospital rating (CMS)
- 2.1 / 5
- Best hospital rating nearby (CMS)
- 4.0 / 5
- EV charging stations (within 10 mi)
- 70
- Solar radiation rating
- Fair (3.9 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- -986 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,993
- Housing built before 1970
- 10.4%
- Housing built 2000 or later
- 35.5%
- Median annual property tax
- $9,286
- Mean commute to work
- 26 min
- Households with broadband internet
- 83.3%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 230,864
- Average weekly wage
- $1,113
- Top industries (by employment)
- Health Care, Accommodation & Food, Administrative Services
- Annual residential building permits (county)
- 1,433
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 60423 | State median | US median | |
|---|---|---|---|
| Median home value | $503,127 | $195,432 | $289,727 |
| Median sale price | $265,000 | $212,000 | $325,000 |
| Median days on market | 88 days | 48 days | 51 days |
| Typical rent | $2,340/mo | $1,800/mo | $1,808/mo |
| Median annual property tax | $9,286 | $2,696 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 60423?
- $503,127.
- What is the median sale price in ZIP 60423?
- $265,000.
- How long do homes take to sell in ZIP 60423?
- Median days on market: 87.5 days.
- What is typical rent in ZIP 60423?
- Typical rent: $2,340/month.
- What is the natural-hazard risk in ZIP 60423?
- Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: coldWave, tornado, inlandFlooding, lightning, winterWeather.
- Is ZIP 60423 in a flood zone?
- High (FEMA NFIP). FEMA flood zone A.
- What is the wildfire risk in ZIP 60423?
- Risk to homes is higher than 21% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 60423?
- Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 60423?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- How many schools serve ZIP 60423?
- 11 schools (7 elementary, 2 middle, 1 high) (NCES, 2022-23).
- Is ZIP 60423 walkable?
- Walkability index: 9.3/20 (EPA Smart Location Database).
- What is the air quality in ZIP 60423?
- Moderate. Median AQI: 53. (EPA AQI).
- What is the cost of living in ZIP 60423?
- Regional Price Parity: 97.3 (100 = US average) (Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →